KIPP Miami Acquires Land For Charter School In Miami For $8.4M
1080 Northwest 79th Street, Miami, Florida 33147, United States
$8,446,000
$34/SF
Building Size
242,371 SF
Asset Type
—
Closing
Mar 28, 2022
AI
The transaction involved the sale of a land property in Miami. Located at 1080 NW 79th St, the property was sold for a total price of $8,446,000. Spanning an area of 242,371 square feet, the property was intended to be used for a Charter School. The buyer of the property was KIPP Miami, while the seller was Jorge Tapia. The deal was facilitated by Achikam Yogev from Colliers.
Summary of transaction details
- Property Type: Land for a Charter School
- Transaction Amount: $8,446,000
- Address: 1080 NW 79th St, Miami
- Buyer: KIPP Miami
- Seller: Jorge Tapia
- Brokers: Achikam Yogev - Colliers
Achikam Yogev from Colliers played a crucial role as the broker representing the buyer, KIPP Miami, in this transaction.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93